The following article discusses the career of Product Analyst highlighting what they do, the work environment, how to become, training and certification, education, job and salary outlook.
What We Do
As a product analyst, you will be responsible for the creation, updating and maintenance of product information, as you are an internal and external expert on the product. You will also develop test sessions and survey the market, with which you will inform the product development department. You will work together with clients and product managers alike in order to identify new product requirements and you will make recommendations about this based on solid data.
Work Environment
As a product analyst, you will mainly work in an office, together with other professionals who focus on finance, product development and marketing. You may also spend time in the field, observing a product in use and performing field tests. Some unsocial hours may be required.
How to Become
To become a product analyst, you will need a relevant bachelor’s degree. In very rare occasions, people who don’t have such a degree will grow to the position through promotions. They do have to show a very good ability to think strategically and laterally, however.
Training & Certification Requirements
A bachelor’s degree in a field such as marketing is required.
Education Requirements
Bachelor’s
Job Outlook
The U.S. Bureau of Labor Statistics reports that market research analysts can expect a growth in demand of 19% between 2014 and 2024, which is much faster than average.
National Salary
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$22,000
$157,000
Salary by State
| Alaska – $59,000 | Rank: 49th |
The average salary ranks 49th among states in the country. There were no current job openings from employers in this state. | |
| Alabama – $81,000 | Rank: 12th |
The average salary ranks 12th among states in the country. There were no current job openings from employers in this state. | |
| Arkansas – $57,251 (▼23% Below national average) | Rank: 13th |
The average salary ranks 13th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and Arkansas Blue Cross & Blue Shield.
$29,000 $91,000 Salary Distribution | |
| Arizona – $66,000 | Rank: 44th |
The average salary ranks 44th among states in the country. There were no current job openings from employers in this state. | |
| California – $81,973 (▲10% Above national average) | Rank: 7th |
The average salary ranks 7th among states in the country. There were also job openings from employers like Zl Technologies, Inc., Google, CyberCoders, and Visa U.S.A. Inc..
$25,000 $170,000 Salary Distribution | |
| Colorado – $71,000 | Rank: 33rd |
The average salary ranks 33rd among states in the country. There were no current job openings from employers in this state. | |
| Connecticut – $92,000 | Rank: 4th |
The average salary ranks 4th among states in the country. There were no current job openings from employers in this state. | |
| DC – $87,850 (▲18% Above national average) | Rank: 1st |
The average salary ranks 1st among states in the country. There were also job openings from employers like CyberCoders.
$39,000 $156,000 Salary Distribution | |
| Delaware – $72,486 (●Meets national average) | Rank: 39th |
The average salary ranks 39th among states in the country. There were also job openings from employers like Bank Of America.
$29,000 $135,000 Salary Distribution | |
| Florida – $35,232 (▼31% Below national average) | Rank: 28th |
The average salary ranks 28th among states in the country. There were also job openings from employers like Gulfstream Property & Casualty Insurance, PersonnelOne, and Robert Half Technology.
$7.25 $40.10 Salary Distribution | |
| Georgia – $70,563 (●Meets national average) | Rank: 5th |
The average salary ranks 5th among states in the country. There were also job openings from employers like Optomi, The Home Depot, AT&T, and GSS InfoTech.
$14,000 $175,000 Salary Distribution | |
| Hawaii – $25,420 (▼50% Below national average) | Rank: 52nd |
The average salary ranks 52nd among states in the country. There were also job openings from employers like Staffing Solutions of Hawaii and Remedy Intelligent Staffing.
$7.25 $20.00 Salary Distribution | |
| Iowa – $78,000 | Rank: 19th |
The average salary ranks 19th among states in the country. There were no current job openings from employers in this state. | |
| Idaho – $52,000 | Rank: 51st |
The average salary ranks 51st among states in the country. There were no current job openings from employers in this state. | |
| Illinois – $70,688 (●Meets national average) | Rank: 6th |
The average salary ranks 6th among states in the country. There were also job openings from employers like CyberCoders and e.biT Consulting.
$24,000 $142,000 Salary Distribution | |
| Indiana – $77,000 | Rank: 21st |
The average salary ranks 21st among states in the country. There were no current job openings from employers in this state. | |
| Kansas – $73,000 | Rank: 31st |
The average salary ranks 31st among states in the country. There were no current job openings from employers in this state. | |
| Kentucky – $69,000 | Rank: 42nd |
The average salary ranks 42nd among states in the country. There were no current job openings from employers in this state. | |
| Louisiana – $71,000 | Rank: 34th |
The average salary ranks 34th among states in the country. There were no current job openings from employers in this state. | |
| Massachusetts – $69,987 (▼6% Below national average) | Rank: 3rd |
The average salary ranks 3rd among states in the country. There were also job openings from employers like Fanning Personnel, Liberty Mutual, ICONSTAFF, and Gables Search Group.
$34,000 $118,000 Salary Distribution | |
| Maryland – $65,948 (▼11% Below national average) | Rank: 10th |
The average salary ranks 10th among states in the country. There were also job openings from employers like CyberCoders.
$24,000 $128,000 Salary Distribution | |
| Maine – $71,000 | Rank: 35th |
The average salary ranks 35th among states in the country. There were no current job openings from employers in this state. | |
| Michigan – $72,714 (●Meets national average) | Rank: 14th |
The average salary ranks 14th among states in the country. There were also job openings from employers like Kforce, RGBSI, and TTi Global.
$27,000 $140,000 Salary Distribution | |
| Minnesota – $52,108 (●Meets national average) | Rank: 40th |
The average salary ranks 40th among states in the country. There were also job openings from employers like Manpower and Caterpillar.
$7.25 $68.15 Salary Distribution | |
| Missouri – $63,663 (▼14% Below national average) | Rank: 20th |
The average salary ranks 20th among states in the country. There were also job openings from employers like The Judge Group.
$24,000 $122,000 Salary Distribution | |
| Mississippi – $84,000 | Rank: 9th |
The average salary ranks 9th among states in the country. There were no current job openings from employers in this state. | |
| Montana – $67,000 | Rank: 43rd |
The average salary ranks 43rd among states in the country. There were no current job openings from employers in this state. | |
| North Carolina – $71,898 (●Meets national average) | Rank: 25th |
The average salary ranks 25th among states in the country. There were also job openings from employers like Bank Of America, Robert Half Technology, and The Creative Group.
$25,000 $141,000 Salary Distribution | |
| North Dakota – $71,000 | Rank: 36th |
The average salary ranks 36th among states in the country. There were no current job openings from employers in this state. | |
| Nebraska – $58,000 | Rank: 50th |
The average salary ranks 50th among states in the country. There were no current job openings from employers in this state. | |
| New Hampshire – $79,000 | Rank: 17th |
The average salary ranks 17th among states in the country. There were no current job openings from employers in this state. | |
| New Jersey – $76,799 (●Meets national average) | Rank: 8th |
The average salary ranks 8th among states in the country. There were also job openings from employers like Execu|Search, Robert Half Technology, and Confidential Retailer.
$26,000 $154,000 Salary Distribution | |
| New Mexico – $70,000 | Rank: 41st |
The average salary ranks 41st among states in the country. There were no current job openings from employers in this state. | |
| Nevada – $61,000 | Rank: 47th |
The average salary ranks 47th among states in the country. There were no current job openings from employers in this state. | |
| New York – $88,016 (▲18% Above national average) | Rank: 2nd |
The average salary ranks 2nd among states in the country. There were also job openings from employers like Robert Walters, Huxley Associates, Green Key Resources, and Citi.
$27,000 $184,000 Salary Distribution | |
| Ohio – $74,896 (●Meets national average) | Rank: 26th |
The average salary ranks 26th among states in the country. There were also job openings from employers like Farmers Group, Inc. and Safe Auto Insurance Company.
$16,000 $178,000 Salary Distribution | |
| Oklahoma – $74,000 | Rank: 29th |
The average salary ranks 29th among states in the country. There were no current job openings from employers in this state. | |
| Oregon – $77,000 | Rank: 22nd |
The average salary ranks 22nd among states in the country. There were no current job openings from employers in this state. | |
| Pennsylvania – $52,822 (▼29% Below national average) | Rank: 23rd |
The average salary ranks 23rd among states in the country. There were also job openings from employers like StraussGroup, Inc., Gateway Financial Group, and Contemporary Staffing Solutions.
$14,000 $118,000 Salary Distribution | |
| Rhode Island – $73,000 | Rank: 32nd |
The average salary ranks 32nd among states in the country. There were no current job openings from employers in this state. | |
| South Carolina – $79,000 | Rank: 18th |
The average salary ranks 18th among states in the country. There were no current job openings from employers in this state. | |
| South Dakota – $60,000 | Rank: 48th |
The average salary ranks 48th among states in the country. There were no current job openings from employers in this state. | |
| Tennessee – $64,968 (▼13% Below national average) | Rank: 30th |
The average salary ranks 30th among states in the country. There were also job openings from employers like ITAC Solutions, LLC, ITAC Solutions, and Robert Half Technology.
$23,000 $128,000 Salary Distribution | |
| Texas – $68,239 (▼8% Below national average) | Rank: 24th |
The average salary ranks 24th among states in the country. There were also job openings from employers like Diedre Moire and Bank Of America.
$21,000 $142,000 Salary Distribution | |
| Utah – $62,000 | Rank: 46th |
The average salary ranks 46th among states in the country. There were no current job openings from employers in this state. | |
| Virginia – $75,811 (●Meets national average) | Rank: 15th |
The average salary ranks 15th among states in the country. There were also job openings from employers like CyberCoders, Comscore, and MicroStrategy Incorporated.
$32,000 $137,000 Salary Distribution | |
| Vermont – $71,000 | Rank: 37th |
The average salary ranks 37th among states in the country. There were no current job openings from employers in this state. | |
| Washington – $90,570 (▲22% Above national average) | Rank: 11th |
The average salary ranks 11th among states in the country. There were also job openings from employers like Liberty Mutual, etailz, Inc., and Edifecs, Inc..
$30,000 $182,000 Salary Distribution | |
| Wisconsin – $71,000 | Rank: 38th |
The average salary ranks 38th among states in the country. There were no current job openings from employers in this state. | |
| West Virginia – $75,000 | Rank: 27th |
The average salary ranks 27th among states in the country. There were no current job openings from employers in this state. | |
| Wyoming – $66,000 | Rank: 45th |
The average salary ranks 45th among states in the country. There were no current job openings from employers in this state. | |
Top 20 National Employers
According to Indeed.com, the following states had employers looking to hire a Product Analyst. The quoted salary figure represents the average salary from all job postings by this employer.
| Employer Name | Location | Average Salary |
|---|---|---|
| Zl Technologies, Inc. | California | $97,599 |
| Robert Walters | New York | $96,299 |
| Bank Of America | North Carolina | $95,923 |
| California | $94,234 | |
| $94,234 | ||
| Huxley Associates | New York | $94,079 |
| Huxley Associates | $94,059 | |
| Execu|Search | New Jersey | $92,962 |
| Green Key Resources | New York | $92,027 |
| Citi | New York | $91,375 |
| CyberCoders | California | $90,947 |
| Optomi | Georgia | $90,000 |
| Visa U.S.A. Inc. | California | $89,540 |
| CyberCoders | Virginia | $89,450 |
| Citi | $88,464 | |
| ITAC Solutions, LLC | Tennessee | $87,239 |
| TALON | New York | $86,969 |
| Comscore | Virginia | $85,407 |
| Fanning Personnel | Massachusetts | $85,057 |
| CyberCoders | DC | $84,285 |
References
- Product Analyst Career | What do they do?
- Product Analyst Job in Pittsburgh, PA for Highmark Health …
- Product Analyst | IllinoisJobLink.com
- Product Cost Analyst I | IllinoisJobLink.com
- What does a Product Analyst do? (with pictures) – wiseGEEK
*Indicates number of job postings as of June, 2017.
